Unless you have a lot of liquid capital, it makes absolutely no sense to buy a franchise. All the costs after the initial investment are insane. After paying your employees and other expenses and fees, your monthly take home pay could be equal to working full-time as a fry worker at McDonalds. Correct me if I’m wrong here. This likely applies to retail franchises or grocery stores, which is what I would franchise if I was going that route. I would much rather put the investment cost of 100 to 200k towards buying a condo. That way, I have stability and security for survival and living. Then the monthly bills could easily be taken care of as a full time fry worker at McDonalds. To sum it up, why would you put 200k into a franchise, which has a lot of risk associated with it, when you can make the same amount of money each month as a full time McDonalds worker and put your money towards an investment that carries much lower risk and can give you stability?
Awesome video! It answered a lot of questions!!
Unless you have a lot of liquid capital, it makes absolutely no sense to buy a franchise. All the costs after the initial investment are insane. After paying your employees and other expenses and fees, your monthly take home pay could be equal to working full-time as a fry worker at McDonalds. Correct me if I’m wrong here. This likely applies to retail franchises or grocery stores, which is what I would franchise if I was going that route.
I would much rather put the investment cost of 100 to 200k towards buying a condo. That way, I have stability and security for survival and living. Then the monthly bills could easily be taken care of as a full time fry worker at McDonalds. To sum it up, why would you put 200k into a franchise, which has a lot of risk associated with it, when you can make the same amount of money each month as a full time McDonalds worker and put your money towards an investment that carries much lower risk and can give you stability?
Know your management plan 🔥